• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The different business ownerships are: Sole trade is a business run by individuals to make profit.

Extracts from this document...


Investigating Business Part 2 The different business ownerships are: 1. Sole trade is a business run by individuals to make profit. An advantage of a sole trader is all decisions can be made by yourself, which gives you more control of what happens in the business. Another advantage is, it is simple and cheap to start up and you won't need to borrow large sums of money in order to keep your business successful. ...read more.


Partnership is a business run by more than one person; more one owner usually contributes to the capital to establish the business. An advantage of being in a partnership business is that it may be easier not having the sole responsibility for major decisions, there can be more than one person to help and contribute if needed. Another advantage is that it is less stressful than being a sole trader; partners can cover for illness holidays etc. ...read more.


An advantage is that it is less risky as business successful elsewhere. Another advantage is many franchisers have established name so less advertising needed. A disadvantage is that the owner is not really the boss of their own business because he/she is under the control of there franchisor. It can also be an expensive investment at the start up as well as sharing profits. 4. Public Sectors are organizations/businesses owned by the government that are not expected to make profit. Their objective is to provide a high quality services across the UK. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Business, Companies and Organisation, Activity essays

  1. English for business

    we become complete when we assume the responsibility for our own lives. 11. if we fail to look into ourselves we remain fragments, unsatisfied, incomplete, empty. 12. never look into the past in order to find out how to live in the present but always make the effort to find a new direction in life.

  2. Business Studies

    in areas of higher returns * Comparative ratio analysis - over time, with similar businesses, against common standards > Ratios must be compared with other data or standards > A lot of information is available from other sources - financial advisory services publish data for most companies and details of

  1. Business studies - Business Plan

    money I know I will have to get the bank to loan me so in slow periods such as winter my sales may go down for a long time. I give easily when the going gets though, this factor I must completely eliminate as I know it will be difficult

  2. Business Plan. After putting a lot of thought into what kind of business we ...

    For example, banks have financial services for different types of people so they will have different ones to suit teenagers, students, retired couples etc. * Undifferentiated marketing -this is when businesses aim their products at different sectors of the market. * Mass marketing -this strategy is comparable to undifferentiated marketing.

  1. Business studies-create your own business

    Price I will have to price my products, charging a price for my products is what will get me profit, which can determine if my business will be successful. There are a number of different ways in determining how to price my products, such as competition based pricing or skimming.

  2. Business Studies Edexcel Coursework

    would make him seem organised and professional to the eye, and attracting potential customers is what he wants. Business cards Business cards are extremely useful and handy for promoting the business further to first time customers, or to just professionalise the image of the business.

  1. People and Business

    Employees would also contact the business. One reason they may contact the company is to call in sick. Owners and shareholders are another group of stakeholders. These are the people that invest their own money into the business in hope that they will get more money back and make a profit.

  2. Applied Business Unit 1

    Advantages The amount of start up capital is greatly increased when shares are first issued or when additional shares are issued. This capital may be used for expanding or diversifying or further developing the company. If a company is successful, then the demand of shares increases greatly which leads to

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work